Acquisition Of The Firenze Gold-Silver Project

VANCOUVER - Orogen Royalties Inc. has acquired the Firenze gold-silver project in Nevada. Firenze is a 7.4 square kilometre gold-silver project located on BLM ground 170 kilometres east of Reno, Nevada. Identified are banded quartz-adularia epithermal veins, up to 1.5 metres wide, outcrop over a 1.5 square-kilometre area. Grab sample highlights of outcropping epithermal veins returned 9.3 grams per tonne ("g/t") gold and 1250 g/t silver. Dump sample highlights from historical production in the 1860s returned 44.0 g/t gold and 534 g/t silver, 22.5 g/t gold and 1825 g/t silver, and 17.7 g/t gold and 97.8 g/t silver. Gold mineralization is open under cover to the east and is prospective for both bulk-tonnage and high-grade vein mineralization.

The Firenze property was made available for exploration under the National Defense Authorization Act in December 2022 and was acquired through staking under the Orogen-Altius Nevada Alliance.

CEO, Paddy Nicol, said, "The Firenze gold project is a look back to mineral exploration opportunities in Nevada over 40 years ago. The property has hallmarks of a high-quality gold-silver exploration target with outcropping epithermal veins over a large area, bonanza gold and silver grades, and excellent infrastructure and access. Firenze is unexplored by modern day exploration methods and undrilled."